NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent... » Read More
NEW YORK, April 15- Nearly 70 percent of baby boomers view a gift of money as an expression of love, according to a Merrill Lynch survey released on Friday. While this may sound wonderful, it can complicate estate planning, especially if the generation receiving the inheritance sees things differently. You don't want somebody to feel less loved, " Michael Liersch,...
UK Prime Minister David Cameron speaks in Parliament regarding the Panama Papers leak and the state of tax avoidance in Britain.
Due to longer lives and higher health costs, more boomers are earmarking their estates for their own use rather than willing them to heirs.
Due to longer lives and higher health costs, boomers reserve estates for their own use rather than willing it to heirs.
Warren Buffett is leaving his billions to charity, and many boomers are following suit to avoid turning their kids into rich loafers.
It's as true as ever. Family wealth seems to hit a cliff at the third generation. How can today's rich make their wealth last over time?
Think of it as a flea market for America's blue blood. Christie's will auction off the treasures of heiress Huguette Clark, the heiress who died in 2011.
Here's what your family can learn from the "disappearance" of Casey Kasem, says financial advisor Jerry Lynch.
If you want to ease the emotional or financial burden your loved ones will face when you die, organize these documents.
Whether it's money you were banking on or a pleasant surprise, an inheritance is a gift that should not be frittered away. Here are ways to make the most of a bequest.
It's one thing to inherit a basement full of boxes when a loved one passes away, quite another to get stuck with their debt. Tips for dealing with a money mess.
Financial experts say Americans are too pessimistic about their own inheritances, despite recession.
The "Squawk Box" news team discusses how changes in the tax code will impact inherited wealth.
Will going over the "fiscal cliff" trigger a huge hike in estate taxes? CNBC's Robert Frank breaks down the numbers. CNBC contributor Jared Bernstein and Dan Mitchell, Cato Institute, debate whether the estate tax should be abolished.
CNBC's Robert Frank reports on how a change in the tax code is likely to impact moving money from one generation to the next.
QTIPs, are often used to guarantee an inheritance to children of an earlier marriage.
Young Americans who grew up during the Great Recession apparently did not learn much from their parents' money woes.
Inheriting money would seem like one of life’s unabashed blessings, yet the inheritors I spoke to said they were ill equipped emotionally or financially to handle the windfall.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
Why do 70 percent of family businesses fail to pass successfully to the next generation? The answer are more emotional than financial.